November 9, 2010

An old friend returns with the news that the current incarnation of Cre8 is in dispute with Celtic and Rangers over unpaid royalties. The story is on the Grauniad’s site

A previous version of the company slipped away last year, leaving an interesting – and substantial – selection of unpaid debts, but managing to move lucrative contracts across to the new entity before going into voluntary liquidation. Fortunate eh? As they say on their website:

Cre8, the publisher of various football magazines including Arsenal, Tottenham, Celtic, Rangers and QPR has gone into voluntary liquidation.

The situation is a little uncertain, but seems linked to the company’s recent involvement with a hotel in Peterborough. The fact that it’s a voluntary liquidation raises the possibility of a phoenix operation with some of the more profitable assets being bought and reborn by the owners. (more…)